Municipality settles with 3 more companies in Port of Anchorage lawsuits

KTVA News
By Daniella Rivera

A municipal attorney says Anchorage has taken a major step forward, settling with the last three of the seven companies involved in the failed Port of Anchorage expansion project.

Robert Owens says what happens to the port happens to Alaskans, because 85 percent of the goods sold in southcentral and western Alaska come through the Port of Anchorage. But the port is in bad shape.

An assessment’s findings — filling three large binders — details the roughly $329 million in damages, and includes images of one of the biggest issues, the sheet pilings.

Read Full Story Here:
http://www.ktva.com/municipality-settles-3-companies-port-anchorage-lawsuits-562/